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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (862)5/20/1998 5:22:00 AM
From: Dale Baker  Respond to of 4634
 
From Bloomberg:

SportsLine USA Inc. (SPLN): The Internet-based sports media company and News Corp.'s (NWS) Fox Sports Online lost a bidding war to Walt Disney Co.'s (DIS) ESPN SportsZone unit, which will buy rights to the National Football League's World Wide Web site for at least $10 million, people familiar with the negotiations told Bloomberg News. The agreement will give ESPN a multiyear contract to continue to produce the NFL.com site, the people said. SportsLine fell 1 1/4 to 30 3/4. News Corp. rose 1/4 to 25 7/16. Disney rose 1 1/4 to 110 15/16.



To: Bill Wexler who wrote (862)5/20/1998 9:18:00 AM
From: trenzich  Read Replies (1) | Respond to of 4634
 
Bill, if you want to look at a good joke of a company look at the Tri-Vision thread. It's down, sorry i didn't find this thread sooner.




To: Bill Wexler who wrote (862)5/21/1998 9:17:00 AM
From: Alan Newman  Read Replies (1) | Respond to of 4634
 
Bill,

SPLN took a big hit yesterday.

Do you still recommend shorting it?

What is your target price?

I think it is still a good short (just sorry I missed it yesterday!).
It really doesn't have any assets other than a web site. I don't think the CBS affiliation is worth that much, and it does cost them $3 million per quarter.

Alan